Types of purchase. Buy after bounce up.

ASK

Ask (ask price) - an offer to sell a certain coin at a specified price. This is the price at which anyone can buy a coin.

This type works when you select the "Long" strategy.

Thus, if you use "Long" strategy, a coin will be bought at the minimum suggested price.

BID

Bid (bid price) - an offer to buy a certain coin at a specified price.

This is the price at which anyone can sell a coin. This type works when you select the "Short" strategy.

Thus, if you use "Short" strategy, a coin will be sold at the most expensive price.

LOWER

For "Long" strategy:

For example, you want to buy ETH for $450, and now the current rate is $480. In this case it is necessary to:

1) Select purchasing type "Lower".

2) In the field "Buy at price" specify 450.

3) In the field "Buy after bounce up" specify 0.

For "Short" strategy:

You have 1 ETH. The current rate of ETH = $500. You are sure that if the price reaches the $480 mark, then it will continue to drop further. So, you want to sell ETH for $480 (if the price reaches this mark) and then rebuy it at a cheaper price. In this case it is necessary to:

HIGHER

For the "Long" strategy:

The current rate of ETH = $480. You are sure that if the price reaches the $500 mark, then it will continue to grow further. You want to take advantage of this opportunity. In this case it is necessary to:

1) Select purchasing type "Higher".

2) In the field "Buy at price" specify 500.

3) In the field "Buy after bounce up" specify 0.

For the "Short" strategy:

You have ETH and you want to sell it for $500. The current rate of ETH is $480. In this case it is necessary to:

1) Select purchasing type "Higher".

2) In the field "Buy at price" specify 500.

3) In the field "Buy after bounce up" specify 0.

ASK & BID +- percent

This type works in the same way as the types "Lower" and "Higher". The difference is that instead of specifying the exact number, you specify the percentage.

This type of purchase works well in conjunction with the feature "Restart". For example, a coin for quite a long period of time can be traded in a certain price range. Assume that this range is 2%. If you use "Long" strategy, then:

1) Select type of purchase "ASK +- %".

2) Set the value to 2.

3) Set take profit also to 2.

4) Activate the feature "Restart the task, if it hits take profit".

With such settings, each trade will consistently bring you 2% profit while the coin is traded in the specified range. To not suffer serious losses in case of drawdown of a coin - use stop loss.

Note: if you want to buy or sell lower, you need to set the value to -5 (minus five). If higher, then 5.

Example:

The current rate of LTC = $100. You set the value to -5 in the field "Percent". In the field "Buy after bounce up", set the value to 0. If LTC reaches a price of $95, the purchase will occur.

DOUBLE

This type of purchase works in both directions. For example, the current rate of ETH is $500.

1) In the field "Lower" you specify 480.

2) In the field "Higher" you specify 520.

3) In the field "Buy after bounce up" set the value = 0.

Only one condition works.

If the ETH rate reaches $480, you buy ETH for $480.

If the ETH rate reaches $520, you buy ETH for $520.

Buy after bounce up.

How it works for the "Long" strategy:

The trade will be opened after the coin has reached the price below the specified value in the field "Below" or "Double", or "ASK + -%" and further bounce up from the minimum price in the specified amount of interest. Thus, bounce up is the coin's growth in percentage from the minimum rate.

At the same time the trade can not be opened above the price that you specified.

Let's look at an example ...

Suppose, that current LTC rate is $105. You place a buy order below - for $100. In the field "Buy after bounce up", you set the value to 2. Then the following happens:

b) The LTC rate reaches $100 and continues to fall to $96. And then grows up by 2% (reaches the $97.92 mark) - there is a purchase for $97.92.

c) The LTC rate reaches $100 and continues to fall to $98.3. Then it grows up by 2% (reaches the $100.26 mark) - there is no purchase, because 100.26 > 100 (the trade can not be opened above the price you specified).

We do not recommend setting a high value in this parameter, as this leads to a significant reduction in the number of trades. But in some cases it is very useful and effective.

How it works for the "Short" strategy:

Suppose, that current LTC rate is $90. You place a sell order above - for $100. In the field "Buy after bounce up", you set the value to 2. Then the following happens:

b) The LTC rate reaches $100 and continues to grow up to $105. And then falls to 2% (reaches the $102.9 mark) - LTC is sold for $102.9.

c) The LTC rate reaches $100 and continues to grow up to $102. Then it falls to 2% (reaches the $99.96 mark) - LTC is not sold, because 99.96 < 100 (the trade can not be opened below the price you specified).